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If the USD goes to zero then I absolutely guarantee you that your bitcoin will not retain a shred of purchasing value. This statement reminds me of people who b
by jshaqaw 8y ago
If the USD goes to zero then I absolutely guarantee you that your bitcoin will not retain a shred of purchasing value. This statement reminds me of people who buy CDS on US Treasuries assuming that in a world where the US really defaults on its debt (not some technical default without meaningful economic consequences) then your counterparts will still exist to pay up.